The People's Republic of China (PRC; Chinese: 中华人民共和国) was a communist country in East Asia.
History[]
Revolution and Mao Zedong[]
Civil War[]
Main Article: Chinese Civil War and World War II
The Chinese Civil War was fought between the Kuomintang (K.M.T)-led government of the Republic of China and the forces of the Chinese Communist Party (C.C.P.), with armed conflict continuing intermittently from 1 August 1927 until Communist victory resulted in their total control over mainland China on 7 December 1949.
The war is generally divided into two phases with an interlude: from August 1927 to 1937, the First United Front alliance of the K.M.T. and C.C.P. collapsed during the Northern Expedition, and the Nationalists controlled most of China. From 1937 to 1945, hostilities were mostly put on hold as the Second United Front fought the Japanese invasion of China with eventual help from the Allies of World War II, although armed clashes between Japan and the Allies remained common. Exacerbating the divisions within China further was the formation of the Wang Jingwei regime, a Japan-sponsored puppet government ostensibly led by Wang Jingwei, which was established to nominally govern the regions of China that came under Japanese occupation.
The civil war resumed as soon as it became apparent that Japanese defeat was imminent, with the communists gaining the upper hand in the second phase of the war from 1945 to 1949, generally referred to as the Chinese Communist Revolution. The Communists gained control of mainland China and proclaimed the People's Republic of China in 1949, forcing the leadership of the Republic of China to retreat to the island of Taiwan. Starting in the 1950s, a lasting political and military stand-off between the two sides of the Taiwan Strait has ensued, with the R.O.C. in Taiwan and the P.R.C. on mainland China both claiming to be the legitimate government of all China. After the Second Taiwan Strait Crisis, both tacitly ceased to engage in open conflict in 1979; however, no armistice or peace treaty has ever been signed.
Sino-Soviet Split[]
Main Article: Sino-Soviet split
Rise of Deng Xiaoping and economic reforms[]
Chinese Economic Miracle[]
Great Recession[]
Return to Dictatorship[]
CCP Purges and Xi Jinping[]
Economic Crash[]
Main article: Late 2010s Recession
For several years prior to the Crash of 2018, Chinese investors began buying up properties overseas in an act of capital flight to safeguard their wealth against the coming crash. China faced the largest credit bubble in history, with formal bank loans totaling over $33 trillion before the crash, and a shadow banking system holding another $37 trillion in dark money loans.
Second Civil War[]
Main article: The Flood and Second Chinese Civil War
The Second Chinese Civil War was a war fought between the Chinese Communist Party (C.C.P.)-led government of the People's Republic of China and the Chinese separatist forces.
Following the rise of sea level attributed to the loss of the Greenland Ice Sheet, over 100 million people were forced inland. The wealthy heart of Shanghai was spared thanks to one of the world's largest sea walls, but the millions of people who supported the city's rise to prosperity were left in refugee camps. The loss of land to The Flood and the displayed population put even greater strain on China's farmland. The Communist regime went through great lengths to hide reports of mass starvation. The C.C.P. also attempted to increase benefits to the working poor only to find the Yuan too weak and tax revenue was too atrophied to have any substantive effect. Tensions remained high but it wasn't until the bursting of the Three-Gorges Dam that the powder keg went off and Chinese separatist forces entered open rebellion against the People's Republic of China.